In 2023, Turkey's leather goods and related products exports to Italy stood at 87.650 million US Dollars. In 2024, exports are forecasted to be 88.726 million US Dollars, showing a year-on-year increase of approximately 1.23%. From 2024 to 2028, the exports are expected to grow steadily, reaching 92.965 million US Dollars in 2028. Notably, the compound annual growth rate (CAGR) from 2024 to 2028 is approximately 1.17%, indicating modest growth.
Future trends to watch for:
- Fluctuations in global demand for luxury and high-quality leather goods.- Turkey's competitive positioning in the global leather market.- The impact of economic conditions in Italy on import levels.- Regulatory changes and trade relations between Turkey and the European Union.- Advances in sustainable and ethically sourced leather products.
